Is Bailey's Crossroads, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bailey's Crossroads has remained a Seller's Market.
Key Takeaway
Bailey's Crossroads is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bailey's Crossroads, VA
How much do homes in Bailey's Crossroads, VA cost?
Median Sold Price
$387,000
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bailey's Crossroads have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Bailey's Crossroads was $387,000 in April 2024, up 5.2% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262K | $280K | +6.9% |
| 2 Bedrooms | $332.5K | $350K | +5.3% |
| 3 Bedrooms | $460K | $527.5K | +14.7% |
| 4 Bedrooms | $867.5K | $825K | -4.9% |
| 5+ Bedrooms | $1.1M | $950K | -17.4% |
Summary: Bailey's Crossroads housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 14.7%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Baileys | $453.5K | $480K | +5.8% |
| Bailey's Crossroads | $368K | $387K | +5.2% |
Housing Supply in Bailey's Crossroads, VA
How many homes are available in Bailey's Crossroads, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 44 | +46.7% |
Summary: The Bailey's Crossroads real estate market had 44 homes for sale in April 2024, a 46.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 11 | 17 | +54.5% |
| 3 Bedrooms | 5 | 12 | +140.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Bailey's Crossroads housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 54.5%, 3 bedroom homes increased by 140%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bailey's Crossroads, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Bailey's Crossroads in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Bailey's Crossroads, VA
How long does it take to sell a home in Bailey's Crossroads, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 18 Days | +110.8% |
Summary: Homes in Bailey's Crossroads had an average of 18 days on market in Apr 2024, up by 110.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bailey's Crossroads are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Bailey's Crossroads; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
